New York Stock Exchange Bought By Atlanta Firm

Chrissy Kirk| December 22, 2012

In what is being called an $8 billion takeover, the New York Stock Exchange is now owned by an Atlanta Firm that goes by the name of Intercontinental Exchange (ICE). The NYSE and other exchanges around the world have seen a sharp decline in trading commissions, more competition and a move to electronic trading. ICE spokespeople say little will change on the NYSE floor.

“The NYSE has faded in the past few years, for most professionals this is a sign of the times.”–Charles Geisst, author of Wall Street